Today, funds sourcing their asset servicing solutions are moving away from larger, broader administrators, and turning to boutique fund administrators. Hedge fund managers, particularly those in charge of smaller funds, may have much more to gain from administrators that provide bespoke solutions.
Why are boutique administrators preferable for smaller hedge funds?
Larger financial institutions usually provide asset servicing solutions based on short-term agreements, typically lasting one year or less. That leaves fund managers holding the proverbial bag if they are not able to find a suitable replacement. But with boutique fund administrators, managers can take advantage of services on a longer-term basis. A firmer relationship between both sides can easily emerge, as boutique administrators tend to work closer with hedge funds, especially small ones, than the big companies do. These administrators take pride in their reliability and in delivering what needs to be delivered in a timely manner.
Boutique administrators also allow fund managers to take advantage of tailor-fit and scalable services that meet their vehicles’ particular demands. They can then focus more intensively on their clients, and offer services that larger players, despite their wherewithal in the industry, ordinarily cannot offer.
What services can these administrators offer?
The range of asset servicing solutions offered by boutique fund administrators may include fund accounting, various investor services, preparation of annual and semi-annual reports and financial statements, valuation of assets, compliance services, and all necessary regulatory reports. This is just a partial list of services, and the services therein may vary depending on the particular needs of the hedge fund.
It is also important for administrators to have only the most advanced technologies available, technologies that can facilitate quick completion of reports and easy access for fund managers. These include the liberal use of cloud computing, which allows for the storage of large amounts of data, as well as convenience in access for the individuals and firms that need the data.
More funds are outsourcing these tasks to third-party companies
Boutique fund administration as a broad-based means of providing asset servicing solutions is best handled by third party firms. More hedge funds, large and small alike, have outsourced boutique administration to a variety of companies, many of whom have years of experience and established reputations in the industry. A lot of these companies also specialize in dealing with smaller and medium-sized funds, offering the requisite back- and middle-office services, among other specific needs.
Tuesday, January 10, 2017
Wednesday, January 4, 2017
Luxury real estate on the rise in Big Island
Big Island has long been known for high-end homes and residences, but lately, it has bloomed into a luxury destination offering the most exotic and finest in recreation, shopping, dining, among others. The presence of renowned hotels and resorts in Big Island has increased its credence as a world-class destination – and has given Big Island the boost its need to expand its luxury real estate market.
The natural beauty of Big Island captures the heart of any traveler, and rightly so: the pristine and clear waters, the lush mountains, the fascinating marine life and the majestic volcanoes. All these natural wonders now serve as the centerpiece of luxury real estate properties being developed on the island. The most prized asset of Big Island, after all, is its scenic view of the Pacific Ocean and the beautiful sunset – truly unique sights that cannot be duplicated anywhere else in the world.
Top-tier hotels and resorts have risen in Big Island to cater to the growing demand for luxury accommodation. The five-diamond Four Seasons Hotel, the Ritz Carlton, and the Hilton hotels promise guests unparalleled service and upscale amenities for all their needs. These lush properties offer spas and fitness facilities, and a diverse set of sport and recreation activities.
The growth of Big Island real estate is marked by the upsurge in interest in land to build. There are various bids to develop parts of Big Island into grand golf courses, posh estates, and multi-million residences. In the coming years, various communities are expected to rise in Big Island, offering single homes to condominium units.
Many investors are eyeing to build oceanfront properties such as vacation homes and resorts, both of which are income-generating investments that can grow in time. Rental homes also possess the potential to become a big part of the real estate market, with the daily average visitor in Big Island hitting more than 22,000 individuals.
These future developments paint a picture of a vibrant and dynamic Big Island catering to a high-end clientele looking for a tranquil yet exciting place to live in.
Real estate in Big Island is on the upswing, and now is the perfect time to invest in the market. Connect with Harold Clarke today to learn how you can be part of the Big Island luxury real estate market. Whether you are interested in buying, selling or investing, Harold of Luxury Big Island can certainly assist you.
The natural beauty of Big Island captures the heart of any traveler, and rightly so: the pristine and clear waters, the lush mountains, the fascinating marine life and the majestic volcanoes. All these natural wonders now serve as the centerpiece of luxury real estate properties being developed on the island. The most prized asset of Big Island, after all, is its scenic view of the Pacific Ocean and the beautiful sunset – truly unique sights that cannot be duplicated anywhere else in the world.
Top-tier hotels and resorts have risen in Big Island to cater to the growing demand for luxury accommodation. The five-diamond Four Seasons Hotel, the Ritz Carlton, and the Hilton hotels promise guests unparalleled service and upscale amenities for all their needs. These lush properties offer spas and fitness facilities, and a diverse set of sport and recreation activities.
The growth of Big Island real estate is marked by the upsurge in interest in land to build. There are various bids to develop parts of Big Island into grand golf courses, posh estates, and multi-million residences. In the coming years, various communities are expected to rise in Big Island, offering single homes to condominium units.
Many investors are eyeing to build oceanfront properties such as vacation homes and resorts, both of which are income-generating investments that can grow in time. Rental homes also possess the potential to become a big part of the real estate market, with the daily average visitor in Big Island hitting more than 22,000 individuals.
These future developments paint a picture of a vibrant and dynamic Big Island catering to a high-end clientele looking for a tranquil yet exciting place to live in.
Real estate in Big Island is on the upswing, and now is the perfect time to invest in the market. Connect with Harold Clarke today to learn how you can be part of the Big Island luxury real estate market. Whether you are interested in buying, selling or investing, Harold of Luxury Big Island can certainly assist you.
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